Title
Approval of a Resolution authorizing the City of Roswell to invest in the Georgia Fund 1 Local Government Investment Pool in accordance with the City of Roswell Investment Policy.
Finance
Body
Item Summary:
Georgia Fund 1 is a local government investment pool. This Resolution will authorize the Bank of North Georgia as the recipient for all wire transfers and authorize the Mayor, City Administrator, Deputy City Administrator, Finance Director, and Deputy Director of Finance to deposit and/or withdraw funds in accordance with the City's Investment Policy. This Resolution is necessary due to the change in banks.
Committee or Staff Recommendation:
On September 13, 2011 the Administration and Finance and Recreation and Parks Committee recommended placing this item on the September 26, 2011 Mayor and Council Agenda.
Financial Impact:
N/A
Presented by:
Julia Luke, Director of Finance